The project to build a comprehensive database of domestic industries aims to enhance the capacity and efficiency of trade remedy investigations. It also serves as a strategic tool to protect domestic production.
Trade remedies help re-establish a healthy and fair competitive environment prevent dumping and sales of subsidised goods into Việt Nam by exporting countries.
Ministries and sectors need to keep a close watch on the market developments, and roll out measures to ensure domestic supply-demand balance and stabilise prices.
The Trade Remedies Authority of Việt Nam has provided early warnings for products at risk of being subject to trade defense measures when exported to the US, EU, Mexico and Australia.
As of late May, the US launched 55 trade defence investigations against Việt Nam, which accounted for nearly 25 per cent of the total number of anti-dumping investigations against Vietnamese exports.
The MoIT has coordinated with focal point agencies to fulfil the transparency obligations required by the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement) of the WTO in Viet Nam.
Vietnamese exporters need to be well prepared for any risks from protectionist trade measures from Australia against Vietnamese goods, such as anti-dumping and anti-subsidy policies, mostly in steel products, experts said.
Việt Nam''s steel exports have increased in recent years. As a result, the sector has attracted attention from other countries and triggered a number of defence measures from some markets.
Domestic flights officially resumed on October 1 under a four-phase plan outlined by the Ministry of Transport, which applies in localities with relaxed COVID-19 prevention and control measures.